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3549 Broadway

Verizon Wireless Leases Retail Space At 3549 Broadway From Landlord Ari Goodman In Washington Heights
LEASEDRetail

Verizon Wireless Leases Retail Space At 3549 Broadway From Landlord Ari Goodman In Washington Heights

3549 Broadway

$120

$120/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Oct 1, 2024

AI

The property asset involved in this transaction is a retail space located at 3549 Broadway in the Washington Heights market. The asking rent for this space is $120 per square foot, and it encompasses a total area of 2,500 square feet. The lease type for this property is a retail lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Lease Type: Retail Lease
  • Address: 3549 Broadway
  • Market: Washington Heights
  • Landlord: Ari Goodman
  • Tenant: Verizon Wireless
  • Brokers: Solomon Sharaby & Selim Sabbagh - KSR

The individuals involved in this transaction include landlord Ari Goodman and tenant Verizon Wireless, with representation by brokers Solomon Sharaby and Selim Sabbagh from KSR. This lease transaction reflects the collaboration between the parties to finalize the agreement.

Players

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

100 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93